Key Event and Dates
- The Board of Directors of HCP Plastene Bulkpack Limited appointed M/s S.A. Gadhia & Company as the Internal Auditor for the Financial Year 2026-27 in its meeting held on 28 May 2026.
- Subsequently, the company received a formal communication from M/s S.A. Gadhia & Company dated 17 July 2026, expressing unwillingness to accept the assignment.
- The disclosure letter from the company's Company Secretary, Rishabh Kumar Jain, is also dated 17 July 2026.
Reason for Withdrawal
M/s S.A. Gadhia & Company, represented by Chartered Accountant Sajid Gadhia (Membership No.: 106334, Firm Registration No.: 163363W), stated the reason for withdrawal as "pre-existing professional commitments and other unavoidable circumstances."
Current Status and Impact
- The appointment of M/s S.A. Gadhia & Company has not become effective.
- The company is now in the process of identifying and appointing another eligible internal auditor.
- The appointment of the new internal auditor will be placed before the Board of Directors for approval.
Financial Impact
Financial impact is not quantified in the disclosure. The event is procedural and governance-related.